Guatemala: Local Currency Loans Increase
By October 7th, loans in Quetzales showed an increase of 6.8% over the same period in 2009.
Tuesday, October 19, 2010
According to information from Banco de Guatemala, in the same period, foreign currency loans show a 7% fall.
In Panama trade sector loans have increased by 40%, those for personal consumption by 49%, mortgages 48%, and construction 25.4%.
In September the banking loan portfolio to the private sector recorded an increase of 17% compared to the same month last year.
Credit to the private sector grew by 11.2% in January, a lower growth than for the same period last year when the increase was 26.4%.
Excess dollars due to higher income from remittances and foreign credit lines account for the 18% increase in the loan portfolio in that currency.
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